Magnachip reports high growth in its OLED business, launches new 40nm AMOLED driver

MagnaChip announced that revenues from its OLED driver business increased 141% in Q1 2018 (compared to Q4 2017) - a higher growth than the company expected. Magnachip anticipates that total OLED growth in 2018 will also surpass its previous targets.

Magnachip secured 10 new OLED design wins in Q1 2018 from phone makers in China and elsewhere in Asia. Magnachip also announced that it launched its new 3rd-generation 40-nm OLED display driver (DDIC) that supports edge-type displays, 21:9 and bezel-less displays and notch-type OLEDs. The new driver has already its first design-in at a leading smartphone maker